Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 24.94 Billion | USD 41.75 Billion | 6.7% | 2021 |
FrequentlyAsked Questions
The market is being primarily driven by the increasing incidence of over 200 life-threatening disorders that affect the neurological and immune systems, including idiopathic thrombocytopenic purpura, multifocal motor neuropathy, chronic inflammatory demyelinating polyneuropathy, and other infectious diseases such as varicella, tetanus, rabies, and hepatitis A&B. Additionally, factors such as an increase in drug discovery & development programs, growing investment in R&D activities, and increase in the number of clinical trials are propelling the market growth.
According to the Zion Market Research report, the global plasma protein therapeutics market was worth about 24.94 (USD billion) in 2021 and is predicted to grow to around 41.75 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 6.8 percent.
North America is likely to lead the global plasma protein therapeutics market during the projected period. Factors such as the rising incidence and prevalence of neurological and autoimmune diseases are driving market expansion. The United States is likely to be the region's largest market. The region's growing geriatric population further expands the patient pool, as the aged people are more susceptible to neurological diseases.
The major players that are successfully operating in the global plasma protein therapeutics market are Biotest AG, CSL Behring, Grifols SA, Octapharma USA Inc., Takeda Pharmaceutical Company Ltd, Bio Products Laboratory, Shire PLC, Kedrion SpA, China Biologic Products Holdings Inc., and Baxter, among others.
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